Marlborough, MA Scott Hughes, president of New Dover Associates, Inc., brokered the sale of 630 and 686 Forest St. The sale price for 630 Forest St. was $3.8 million and the sale price for 686 Forest St. was $900,000. The sellers were 630 Forest Street Realty, LLC and 686 Forest Street Realty, LLC respectively and the buyer for both properties was Yellow Brick, LLC.
630 Forest St. is a fully leased, single story 50,000 s/f office building on 6.2 acres and 686 Forest St. is an adjacent land parcel of 8.35 acres. Both properties are fully leased to Verizon New England, Inc.
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and